Your aunt is about to retire, and she wants to sell some of her stock and buy an annuity that will provide her with income of Php30,000 per end of year for 25 years. The going rate on such annuities is 8%. How much would it cost her to buy such an annuity today? Php320,243.29 Php345,862.75 Php2,193,178.20 Php2,368,632.45

Your aunt is about to retire, and she wants to sell some of her stock and buy an annuity that will provide her with income of Php30,000 per end of year for 25 years. The going rate on such annuities is 8%. How much would it cost her to buy such an annuity today? Php320,243.29 Php345,862.75 Php2,193,178.20 Php2,368,632.45

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications

Section: Chapter Questions

Problem 13E

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